Is 2013 tax year the last chance for taxpayers who itemize deductions to deduct state and local sales taxes.

The 2013 tax year may be the last chance for taxpayers who itemize deductions to deduct state and local sales taxes. That is because the option to deduct state and local sales taxes in lieu of state and local income taxes expires after the year's end unless Congress extends it. Large-ticket purchases subject to sales tax made between now and year-end may increase your deductions.